ARTICLE | Financial News

Qiagen beats Street EPS

August 4, 2003 7:00 AM UTC

Qiagen (FSE:QIA; QGENF) reported second quarter EPS of $0.08, beating the Street consensus by a penny and up 60% from $0.05 from the same period last year. Net sales for the quarter came in at $86.3 million, up 19% from $72.7 million from the second quarter of 2002. The company noted that sales from its consumables, which account for 75% of revenues, were up 23% quarter over quarter. Additionally, sales of instruments, which account for 10% of revenues, increased 17% quarter over quarter. Part of the increase in revenues was attributed to favorable currency exchange rates. ...